CCLBA Bi-Weekly Update | October 10th, 2016
HAPPY COLUMBUS DAY! | UPCOMING EVENTS & PROPERTIES FOR SALE
Happy Columbus Day! A big thank you to everybody who made it out to Columbus Park on October 1st! It was exciting to see so many people who are motivated to positively transform our respective communities brick by brick, house by house. This was the first of two workshops focused on bringing together community developers, home buyers, and brokers wishing to do business with the Land Bank.
Based on the feedback we received and the outstanding turnout, the CCLBA will be hosting another community-based workshop this Saturday, October 15th at Captain's Hard Time Dining. More information for the event can be found below, and click here to register. Hope to see you there!
In addition, the CCLBA has a number of brand new homes on our website as well as others that have brand new pricing! To view a complete list of our entire property inventory, please click here for an excel spreadsheet. As always, for more information please visit our website for additional CCLBA news.
CCLBA COMMUNITY DEVELOPER WORKSHOP
436 E. 79th St. | Captain's Hard Time Dining
October 15, 2016 | 10:00 AM - 12:00 PM
The Cook County Land Bank Authority (CCLBA) is seeking qualified community developers with demonstrated experience in rehabbing distressed residential homes to participate in a free workshop scheduled for this Saturday, October 15 at Captain's Hard Time Dining. The workshop is designed to help expand the authority’s community developer partnerships and assist its efforts to rehab its existing stock of vacant residential properties, put them into the hands of new homeowners and place them back onto the tax rolls. More information can be found here, and click here to register for the event. Hope to see you there!
CCLBA LAND TRANSACTIONS - MONTHLY MEETING
October 14, 2016 | 10:00 AM - 11:00 AM
108 N. Clark St., 4th Floor, Conference Room A
The Cook County Land Bank Land Transactions Committee convene on a monthly basis to discuss general activities, operations, and policies of the Land Bank. A complete agenda as well as confirmation of the meeting time will be made public 2 days before the date of the meeting, and can be found here.
GENERAL REHAB GUIDELINES
The following includes important guidelines and procedures that the CCLBA would like every prospective homeowner and developer to know who wishes to do business with the Land Bank.
- Properties must be professionally redeveloped within 12 months of sale in accordance with local municipal building codes and procedures. Rehab process will be supported with periodic monitoring in order to ensure compliance. Quality of craftsmanship will will impact future transactions.
- CCLBA places a soft mortgage on the property to prevent selling without redevelopment. This mortgage will be released prior to the sale to homeowner provided the rehab has been completed.
- CCLBA does not provide financing for the purchase or rehab; however, CCLBA can make a referral to resources that will provide technical assistance & financing.
A one-page pamphlet can be found here, and we encourage everyone to visit our website or call us at (312) 603.8015 for more information on how to engage with the Land Bank.